In modern financial transactions, cross-border remittances have become a critical component of global fund flows. Yet, many individuals and businesses face confusion when selecting the correct bank codes to ensure secure and timely transfers. For instance, Eastern Bank PLC. in Bangladesh uses the SWIFT/BIC code EBLDBDDH002 , a vital identifier for international transactions.
Established in 1992 and headquartered in Dhaka, Eastern Bank PLC. operates from Jiban Bima Bhaban, Floor GF, 10, Dilkusha Commercial Area, Dhaka, 1000, Bangladesh . As a prominent commercial bank in Bangladesh, it provides efficient and reliable financial services to clients.
SWIFT/BIC codes are standardized identifiers for international bank transfers, minimizing errors and delays. These codes typically consist of 8 to 11 characters, detailing bank-specific information such as institution identification, country, and location. By using EBLDBDDH002 , senders can precisely direct funds to Eastern Bank PLC., avoiding misrouting.
Accuracy in SWIFT/BIC codes is paramount for cross-border remittances. If a specific branch code is provided, it should be prioritized to enhance processing efficiency. Additionally, given variations in banking practices and policies across countries, senders are advised to verify recipient details—including SWIFT/BIC codes and addresses—before initiating transfers.
In summary, correctly using SWIFT/BIC codes like Eastern Bank PLC.’s EBLDBDDH002 ensures swift and accurate fund transfers. This knowledge helps navigate the complexities of international finance, safeguarding transactions against common pitfalls.